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On Our Radar

Consumer/Non-Cyclical Sector Wrap

During trading today, both the Consumer/Non-Cyclical sector (XLP) and the S&P500 showed little movement.

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The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, XLP was up 0.4% over the last seven trading days while the S&P 500 climbed -0.6%.

Central European Distribution (CEDC) rose 34.3% to close at $3.70, cross its 50-day moving average of $3.24 and 200-day moving average of $4.27. Green Mountain Coffee Roasters (GMCR) declined 4% to close at $23.52, moving below its 50-day moving average of $22.81 and 200-day moving average of $41.54.

Boston Beer (HRL) fell 6.5% to close at $116.27, moving closer to its 50-day moving average of $113.12. Also, the stock moved closer to its 200-day moving average of $29.20.

Pilgrim's Pride Corporation (PPC) was one of the sector's big losers, as its price dropped 9.1% (-61 cents) to close at $6.11. 2.2 million shares of the stock moved. The stock traded in a range of $6.06 to $6.65. The stock has been going in a negative direction over the last month, dropping $1.88 (-23.5%) from a price of $7.99 on June 7, 2012.

Increasing 9% (+22 cents) to close at $2.67, Jamba (JMBA) was a major gainer in the sector. Today, three million shares traded hands. The stock traded in a range of $2.40 to $2.67.